Groupon to Give Away $100 Million on Black Friday

girlgonemild shared a link said Tue, Nov 26th 2013 at 4:12pm ET

I thought a few of you might be interested in this.

If you are lucky you can get up to $500, really lucky up to $5000 or ridiculously lucky you could be the one person to be awarded $25,000 in Groupon Bucks.

They have been doing quite a few of these types of promotions lately. This will be the biggest yet, but I wonder if they have anything planned for Christmas as well. But I will definitely be signing in on Friday with the vain hope of seeing $25,000 in my account.... but I've never been one of those people that actually wins that. I'd be happy with a measly $500 :)

http://allthingsd.com/20131126/groupon-says-it-wants-to-give-away-100-million-in-groupon-credits-but-theres-a-big-catch/

8 comments, 1 reply
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jimmyd103 said Tue, Nov 26th 2013 at 5:00pm ET:

I don't know if there is $500 worth of stuff on Groupon that I would be interested in purchasing. But I bet I could find something if it involved free credits. Here's to hoping that some of us lab rats score some free cash!

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girlgonemild said Tue, Nov 26th 2013 at 5:17pm ET:

Seriously. When it's free, a lot of things suddenly seem a lot more interesting :)

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SinNYC said Wed, Nov 27th 2013 at 12:29am ET:

Not only can I hardly believe that Groupon is still in business, I'm even more incredulous that they're capable of giving away $100, much less a $100M.

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hales said Fri, Nov 29th 2013 at 9:39am ET:

Did anyone here receive Groupon bucks today? None for me.

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middlemanager said Fri, Nov 29th 2013 at 9:52am ET:

I received $5 in Groupon bucks. You jelly?

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hales said Fri, Nov 29th 2013 at 10:17am ET:

@middlemanager, a whole $5?! Is that amount motivating enough to get you to purchase something today?

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girlgonemild said Fri, Nov 29th 2013 at 11:18am ET:

Whoa $5! You could maybe actually buy something with that. I won big with $1

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- ha! wow.
  
  hales said Fri, Nov 29th 2013 at 11:29am ET
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snapster said Fri, Nov 29th 2013 at 12:03pm ET:

I'm guessing the scenario is that they have 30 million accounts active in last 2 years and they are assigning 29,990,000 of them $1-$5 credit and 10k of them get a remaining $50k. With the $5 expiring same day and hard to really define as a hard cost (given profit on any order placed) I bet their cost for the promo is quite ambiguous, possibly even negligible.

That said, it might play out great for them and is certainly a fun way to spark activity.

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